Singapore Inflation at 1.8% in April, GDP Growth Revised to 6%

AI Summary

Singapore reported a consumer price increase of 1.8% for April, below the expected 2%. Core inflation was also lower at 1.4%, compared to expectations of 1.7%. The Monetary Authority of Singapore (MAS) anticipates imported cost pressures to rise in the months ahead, impacting production and transportation costs. Additionally, Singapore revised its first-quarter GDP growth to 6%, up from previous estimates of 4.6%, surpassing Reuters' prediction of 5.1%, and expects full-year growth of 2%-4% in 2026.